Why are you missing out on these gains? BitMEX (the "mex" stands for Mercatile Exchange) is the only exchange in the world that offers 100X leverage (but it's not because you can that you must, go small and work your way up).Let me explain what this means. So lets say you were to have shorted (placed a sell order) for BTC at $10000. Let's also say you only have .01 BTC to trade with, or $100 worth. With .01 BTC at x100 leverage you can sell 1 BTC. Then for every dollar BTC goes down, your position is worth $1 more. Say BTC goes to $8000, if you close your position you then get that $2000 in profit paid to you in BTC, that's a 2000% profit. I would suggest you learn TA before you start trading. You can train using their testnet (free). You want a moon mission? BitMEX is your moon mission. Euros and others can sign up but US users are banned (just sign up with a proxy and then you can login from a US IP with no questions asked). If you're going to sign up use my reference code, using a reference code gives you a 10% discount in fees. May not sound like much but it's saved me hundred of dollars in the past weeks: bitmex.com/register/WfFyoc
- Interface is amazing with professional grade advanced order types - Liquidity it offers is completely unmatched, it's the biggest exchange volume wise: coinmarketcap.com/exchanges/volume/24-hour/no-fees/ - BTC deposits take less than 10 minutes: just 1 confirmation from the network needed - Never down, doesn't matter the load, no shady flash crashes caused by website being down like Poloniex does
I'm not trying to scam you or get you to lose all your money. START WITH LOW LEVERAGE OR 1X LEVERAGE. 100X may be tempting but all you have to do is read stories on here of people losing everything when they go full retard. Also I will be around to answer any questions you may have and would love to talk to others about trading strategies. Happy trading anons!
We may be autists, but we're not fucking down-syndrome retards, OP.
Go post this on Reddit or Facebook. Make sure to include a link to Genesis and Jax wallets and include some ROI percentages of the advanced HODL strategy over the years.
David Sanchez
u shouldn't be shilling mex to people if they don't know what it is.
Mason Young
So if I long BTC at 100x with 100$ for every % I gain 1% of my investment?
Jack Parker
you forgot about downtimes, congestion, funding, and non responsiveness of the UI
kys
use finex
Parker Morgan
>use finex Might as well give your money to beggars.
Hunter Edwards
>needing to explain that mex doesn't mean mexico topkek OP
Ayden Gonzalez
Yes user, basically with 100x leverage you are either longing or shorting with 100x the amount you opened a position with.
Xavier Butler
Jesus christ...
No dude. If you go x100 long and btc goes up 1%, you made 100% profit. Aka 200 usd in total in your example. It also means that if it drops by 1%,you now have 0 usd left. More like 0.7% even because of fees and slippage. But honestly, this is no joke: if you don't already understand these extremely basic and trivial principles of trading you have no place there and you will lose your money.
Carter Ortiz
bitmex nigger ruined crypto. fuck all of you who participate in the downfall
its ruined since ico's showed up, might as well profit from it. Nah just kidding, fuck bitmex and fuck you OP
Jaxson Powell
the CME triggered it pretty much to the day. bittmex was up back in 2014-15 normans doing x50-x100 isn't helping tho
Jeremiah Hill
fuck bitmex and fuck margin trading.
it's ruined crypto.
Alexander Cooper
how? Brainlet hodler here
Parker Perry
how so?
Lincoln Carter
x100= instant liquidation x50=coin tossing x25=real maximum leverage where is not gambling x10 and below = still risky but acceptable
Nicholas Morris
How?
Jackson Rodriguez
It doesn't, he's just a retard. If anything it provides more liquidity (even tho it's a btc derivative they use, xbt). Also weeds out the casino type brainlet investors with the 25 to 100x leverage as user above pointed out.
Michael Walker
No, here is the formula: Gains= amount x (1+0.01 x leverage) If leverage is x100 and it moves 0.05 you have x6 of your original amount
Austin Morgan
Bitfinex controls the price and market by liquidating whichever is the greater sum: longs or shorts.
The whole market is controlled by crushing margin traders. Hence all the sharp drops and rises (bart formations)
Adrian Gutierrez
no no no no. we are done shorting bitcoin. stop with the bitmex memes. these noobs are going to loose their monies.
Nathan Rogers
Stop whitesplaining you ignorant piece of shit.
I hate this website sometimes.
Matthew Sanders
Too often I feel this is the lowest intelligence board. The wave patterns are likely a result of bot feedback. I'm able to predict them and is due to an oversimplification of market patterns, likely as I said due to bots. Don't get my wrong Quantitative Analysis bots are complex, but its results in the market are obvius
Yep and almost anytime it's brought up deluded margin traders will try to tell you "bs" or "show proof"
Proof is in the longs/shorts volume, which can be viewed on many sites.
Lincoln Price
still 100x is pretty tempting, i mean if you can time your longs or shorts right you'll be swimming in cash in no time
Leo Campbell
Are we talking about bitmex or other sites? Bitmex is a P2P CFD exchange. Bitmex actually doesn't lose money if you won. I don't know about bitfinex though, since I don't know how it works.
Thomas Powell
You could also lose all ur money in no time.
Jayden Rogers
Fuck BITMEX. FUCK margin trading. You can't beat the bots and the people stop-hunting so don't even try. I've lost a good amount of profits because of this trash. Never going back to it again. If you margin trade you deserve to get liqquidated
Charles Morris
i nailed a x100 short at 11.7k before the big dump to 6.5k. Pussied out of the order at 6x profit though, which was after a $100 drop. Imagine if i kept the order open. Ended up losing everything, thats what almost always happens. You nail a few and think you're a master trader, then you get crushed by the real players and manipulators and learn your place, which is as far as possible from that website
>short 100x >bots pump the price on their exchange trading with eachother so you get liquidated enjoy losing what you have left of your bags 3x leverage on Kraken is alright so do that if you cant stop gambling
Bitfinex is the real power, imo totally in cahoots with other major exchanges as well as Bitmex.
Luke Lee
This is basically gambling. Great way to win big, but also a sure fire way to lose everything within seconds or hours if you get unlucky. No amount of TA (BTC doesn't follow TA anyway) will get you money.
Dominic Bennett
>buy shitcoins >get scammed by pajeets >margin trade >get scammed by mexicans
>BTC doesn't follow TA anyway BTC only follows TA (supposing is not manipulated) since the only fundamental of BTC is BTC price
Adam Allen
>be born >get scammed by jews
Cooper Hill
kek
Jaxon Butler
Arn't the real purpose of these leveraged trades to hedge against your portfolio? For instance, if you're bullish on Bitcoin, you also set up a 25x leveraged trade shorting Bitcoin.
Ian Reyes
Only poorfags use 100x.
Daniel Brooks
You are liquidated based on a mix of coinbase and bitstamp's price you dumbass. The whole point is so that kind of manipulation can't happen...
Adam Morales
>still 100x is pretty tempting ...and another sucker is lured into the scam.
